Global Adkach fails to provide ownership or executive information on its website.

Global Adkach’s website domain (“adkach.com”), was registered in March 2022. The private registration was last updated on March 13th, 2023.

In the footer of its website, Global Adkach provides a corporate address in Morocco.

Further research reveals marketing citing Amine Hafidi as Global Adkach’s founder and CEO.

Hafidi, who for some reason refers to himself as a “Grand Master”, appears to be from Morocco.

This tracks with Global Adkach’s provided corporate address.

Due to language-barriers tracking Hafidi’s MLM history proved difficult. Circa 2014/2015 though, Hafidi appears to have been promoting the Dubli pyramid scheme.

Circa 2016 it was revealed Dubli was losing millions of dollars. The scam went on to collapse in 2022.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

The Body Shop is closing the UK and Australian divisions of its The Body Shop At Home MLM opportunity.

Yesterday The Body Shop informed distributors it had [Continue reading…]

David Carmona, founder of the iComTech Ponzi scheme, has pled guilty to one count of conspiracy to commit wire fraud.

After initially pleading not guilty following his arrest in late 2022, Carmona changed his plea at a December 22nd hearing. [Continue reading…]

A visit to Infinity Pi’s website reveals new “Infinity X” branding.

Infinity Pi was a short-lived MLM crypto Ponzi run by Chinese scammers.

Launched in Q3 2023, Infinity Pi first collapsed in October. An Infinity Pi 2.0 reboot was launched, only to collapse again a week before Christmas.

It seems Infinity Pi isn’t done milking gullible saps, with Infinity X now marking the second reboot of the scam.

Read on for a full review of Infinity X’s MLM opportunity. [Continue reading…]

Nexus Rewards launched in 2022. It was a reboot of the collapsed NXR Global pyramid scheme, combining recruitment commissions with “savings and cashback apps”.

I’m not exactly sure when but Nexus Rewards recently revamped its compensation plan. The official compensation documentation on Nexus Rewards’ website was created on January 1st, 2024.

Nexus Rewards’ reboot resulted in renewed marketing efforts. This in turn led to reader requests for an updated review.

Today we revisit Nexus Rewards for 2024 and see what’s changed. [Continue reading…]

As a point of policy, BehindMLM’s contact form categorically states anything to do with “reputation management enquiries/demands” and “SEO” will be ignored.

Unfortunately that doesn’t stop shady operators from falsely marketing they can get BehindMLM content removed.

Today we’re covering marketing lies from Mike Munter and Matt Peters. [Continue reading…]

A German court has sentenced OneCoin promoter and money launderer Frank Ricketts to five years in prison.

As tweeted by Johan von Mirbach, producer of the CryptoQueen docu series, Ricketts’ wife Manon Hubenthal received four years.

Disgraced attorney Martin Breidenbach, who assisted Ricketts and Hubenthal with laundering OneCoin Ponzi funds, was sentenced to two years and nine months. [Continue reading…]

Rodney Burton, aka “Bitcoin Rodney”, was arrested in Florida on January 4th, 2024.

Burton has been indicted on HyperFund fraud charges, filed as part of a wider criminal case in Maryland. [Continue reading…]

ABC Holdings fails to provide ownership or executive information on its website.

ABC Holdings has two known website domains:

1. abcholdings.io – privately registered on September 28th, 2023
2. abcmining.me – privately registered on October 27th, 2023
3. abcai.me – privately registered on October 29th, 2023

On both of ABC Holdings’ websites there are references to “Arkbit Capital Holdings”.

Arkbit Capital was an MLM crypto Ponzi that launched in late 2022.

Heading up Arkbit Capital was Boris CEO “Thomas Brewer”.

Brewer was played by US actor Mike Wolfe. Other than the same photo appearing on ABC Holdings’ website (“abcmining.me”), Wolfe doesn’t feature in ABC Holdings’ marketing.

It appears Wolfe stopped playing Brewer prior to BehindMLM’s January 2023 Arkbit Capital review.

On December 3rd, 2022, Arkbit Capital uploaded a YouTube video revealing new CEO “Delmar Estabrook”.

I don’t have a name but the man playing Estabrook has a North American accent. Like Wolfe, he’s likely an actor picked up from somewhere.

As of November 2023, the actor playing Estabrook still featured in ABC Holdings’ marketing:

In the video above, Estabrook notes Arkbit Capital’s rebranding to ABC Holdings. This followed a June 2023 securities fraud cease and desist order from the Arkansas Securities Department.

BehindMLM noted Arkbit Capital’s collapse on November 24th, 2023. ABC Holdings is an effective reboot.

While we can’t say for sure who’s behind ABC Holdings, Boris CEO MLM Ponzi schemes are typically the work of eastern European scammers (Russia and/or Ukraine).

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

Nordea Partners has misappropriated the corporate identity of Nordea.

Nordea is a multi-billion European bank headquartered in Finland. Nordea Partners has nothing to do with Nordea but misappropriates the company’s name, Finnish headquarters and executives.

There are some cracks in Nordea Partners’ facade on its website. One obvious mistake is the use of a UK company certificate to represent Nordea’s Finnish company registration.

Whereas Nordea operates from “nordea.com”, Nordea Partners operates from “nd-limited.com”.

Nordea has been around since 1820. Nordea Partners’ website domain was only recently registered on September 27th, 2023.

If we look at the source-code of Nordea Partners’ website, we find references to “hyipcustomize.com”.

HYIP Customize sells Ponzi scripts to scammers for $299 to $599. Who runs HYIP Customize is unclear.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]